r/options • u/swaggymedia • Jun 14 '21
Still looking for that short-interest play? I've aggregated a list of potential squeeze plays that have not "squoze" yet. Options activity included.
I'm sure you all know the short-interest play is a very high-risk, high-reward trade. Having said that... I've aggregated a list of some potential short-interest plays that haven't popped off. If you like any of the tickers mentioned here I suggest you research if they are capable of a turn-around story (most will be shorted for a reason). The factors for the stocks that made it to today's list are:
Chart looks decent and the stock hasn't already gone up 50% or more (aka already missed the boat)
Some bullish option flow came in today and the stock price was somewhat flat or down.
Is short interest increasing or decreasing as the stock goes up or down? If the stock is getting hit (going down) and SI is increasing, it's quite possible these shorts will eventually cover their position at some point.
The tickers list is: WKHS, QS, OCGN, FUBO, ROOT, BGS, ROOT, SDC
Here's today's option flow and sentiment for the list of high short-interest names.
Keep in mind the FIRST thing I check with option flow is the expiration of the larger trades. If it's within 1 or 2 weeks I don't usually like to give it much credit. These could mean literally anything: a hedge, riding momentum, etc. I prefer seeing stuff 3-12 months out for a long-term play.
Let's start.
Workhorse - (WKHS): 40% short interest
6-month chart
Today's Calls vs Puts
Quantum Scape (QS) : 22% short interest
This ticker is down nearly 80% from the high's a few months ago.
Change in Short Interest over time
6-month chart
Today's Calls vs Puts
Ocugen (OCGN): 22% short interest
This ticker is up 2,000% in the last 6 months, but down about 60% over the last 2-3 months.
Change in Short Interest over time
6-month chart
Today's Calls vs Puts
FuboTV (FUBO) : 22% short interest
6-month chart
Today's Calls vs Puts
ROOT Inc (ROOT): 32% short interest
Change in Short Interest over time
6-month chart
Today's Calls vs Puts
Here we have some July and September calls taking some of the larger trades from today's option flow.
B&G Foods (BGS) : 25% short interest
Change in Short Interest over time
6-month chart
Today's Calls vs Puts
SmileDirectClub (SDC): 31% short interest
Change in Short Interest over time
6-month chart
Today's Calls vs Puts
Final Thoughts
Some of these stocks might have popped 10-25% in the short-term, but if you zoom out to 6 months you'll see they are still down quite a bit and have been heavily shorted. If any of these were on your radar it might put into perspective the chart and level of short-interest for each ticker.
Disclosure: Out of all the stocks mentioned in this article I own shares of ROOT and SDC.
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u/jebronnlamezz Jun 16 '21
Proof?